Juno 2015 Annual Report Download - page 30

Table of Contents
(8) Represents a $60,000 guaranteed cash signing bonus awarded to Mr. Harrington pursuant to his offer letter.
(9) Represents a discretionary bonus granted to Mr. Fakiri.
(10) Amounts reflect the aggregate grant-date fair value of restricted stock unit awards made in the applicable fiscal year. The grant-date fair values are, in each instance,
calculated in accordance with ASC 718 and do not take into account estimated forfeitures relating to performance-based vesting or service-based vesting requirements. For
information regarding the assumptions underlying the ASC 718 valuation of our restricted stock unit awards made in 2015, see Notes 1 and 8 of the consolidated financial
statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.
(11) Amounts reflect the aggregate grant-date fair value of option awards made in the applicable fiscal year. The grant-date fair values are, in each instance, calculated in
accordance with ASC 718 using the Black-Scholes option-pricing formula and do not take into account estimated forfeitures relating to performance-based vesting or
service-based vesting requirements. For information regarding the assumptions underlying the ASC 718 valuation of our option awards made in 2015, see Notes 1 and 8 of
the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.
(12) Represents performance-based cash bonus awards that were earned in the specified year and paid in the following year. See “Compensation Discussion and Analysis —
Annual Performance-Based Incentive Compensation.”
(13) The restricted stock units held by our named executive officers contain dividend equivalent rights. Pursuant to those rights, such named executive officer will receive, as
dividends or other distributions are declared and paid on our outstanding shares of common stock, an additional payment equal to each dividend or distribution which would
have been paid on the shares of common stock underlying those units had such shares been issued and outstanding at the time that such dividend or distribution was made to
our stockholders. The payment will be made in the same form and at the same time as the actual dividend or distribution is made to the stockholders.
No dividends were declared or paid in 2015 and 2014. The payments received by the named executive officers in 2013 pursuant to the dividend equivalent rights pertaining
to those restricted stock units are not included as part of their compensation in the “All Other Compensation” column for 2013. The aggregate amount received by each of
the named executive officers for the last three fiscal years pursuant to dividend equivalent rights associated with restricted stock unit awards was as follows:
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

 
Francis Lobo $ 4,768
Howard Phanstiel N/A
Edward Zinser N/A
Mark Harrington N/A
Shahir Fakiri N/A
Kesa Tsuda N/A
(14) Includes a matching contribution we made to the 401(k) plan on behalf of each participating named executive officer in an amount not to exceed the lesser of (i) 25% of the
participating officer’s contribution and (ii) 25% of the first 6% of the participating officer’s eligible compensation, as determined under such plan. See Note 16 below for the
dollar amount of the matching contributions included in the “All Other Compensation” column of the Summary Compensation Table.
(15) We provide medical and dental coverage to our U.S. employee base. For certain of our vice presidents and our more senior executives, including the named executive
officers, we used to pay the portion of the insurance premiums for such coverage that otherwise would have been payable by those individuals as required employee
contributions (the “basic insurance coverage premiums”). In addition, we also used to provide supplemental medical and dental coverage to certain of our vice presidents
and our more senior executives, including the named executive officers, under the Exec-U-Care plan. The annual per participant membership fee we used to pay on behalf
of each individual covered under the Exec-U-Care plan was $250 and includes the premium for an accidental death and dismemberment insurance policy with up to
$100,000 in coverage. See Note 16 below for the aggregate dollar amount of the basic insurance coverage premiums, the medical and dental benefits provided through the
Exec-U-Care plan, and the $250 annual membership fee for such plan, that is included in the “All Other Compensation” column of the Summary Compensation Table.
Effective December 31, 2014, the Company discontinued its practice of paying the basic insurance coverage premiums. Effective December 31, 2014, the Company
discontinued its participation in the Exec-U-Care plan and this benefit is no longer offered to company employees. In October 2014, the Compensation Committee approved
a payment of $5,000 to each executive officer affected by the termination of the Exec-U-Care benefit, which was paid in even increments throughout 2015 provided
employees remained in the Company’s employ.
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